UAE managers spy opportunities for growth - The National

More than one third of businesses in the Middle East are planning to expand this year as companies show signs of recovery from the effects of the global financial crisis.

A poll of 600 businesses conducted by Hay Group, a management consultancy, showed that managers of regional firms were rethinking the virtues of being cautious as the world economy gets back on track.

"Following two years of cautious business plans, organisations are now looking to invest their profit and according to 36 per cent of respondents the main business priority for 2012 is expansion," the report said.

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